大行评级｜瑞银：上调阿里巴巴H股目标价至210港元预期阿里云可成强劲AI云需求主要受益者

格隆汇2025-09-25

瑞银发表研究报告指，阿里巴巴昨日举行2025云栖大会，公布阿里云AI发展路线图，并发布Qwen3-Max、多模态及AI智能体平台等一系列大模型产品与升级计划，管理层表明对增长前景看法正面，并计划增加AI投资。瑞银预期，阿里云可成为AI云需求日趋强劲的主要受益者，对其收入增长前景转趋乐观。因应AI基础设施需求高企，阿里云计划在未来三年投资3800亿元的资本开支基础上进一步追加对AI的投资，并预期至...

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大行评级｜瑞银：上调阿里巴巴H股目标价至210港元 预期阿里云可成强劲AI云需求主要受益者

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大行评级｜瑞银：上调阿里巴巴H股目标价至210港元预期阿里云可成强劲AI云需求主要受益者